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Tag: Section 179
Construction Equipment
How much money can Section 179 save contractors on 2020 equipment purchases?
Contractors will once again be able to write off the entire purchase price of new and used construction equipment bought and put in service in 2020.
October 28, 2020
Construction Equipment
Used Construction Equipment Financing Has Actually Increased During the Pandemic
Despite the pandemic, some financial institutions are reporting increased lending activity for used equipment.
October 6, 2020
Construction Equipment
100% Depreciation and Section 179 Benefits Continue in 2021 for New and Used Construction Equipment
Through December 31, contractors can purchase construction equipment this year and write off 100 percent of the cost of that purchase on their 2021 taxes as depreciation or a Section 179 tax deduction.
December 11, 2019
Home
High demand, backlogs add stress to year-end new equipment buys
Contractors are running out of time to take advantage of the Section 179/bonus depreciation tax breaks for new equipment purchases. Learn more here.
October 25, 2018
Home
New tax law brings big deductions for buying used construction equipment
August 13, 2018
Dealers
Boost year-end equipment sales with Section 179 marketing push
2016’s  long-term bill extending Section 179 removed the previous end-of-the-year uncertainty as to whether the bonus depreciation break would be continued, but that doesn’t mean dealers shouldn’t be motivated to use the tax incentive as a sales tool this year. Of particular note for dealers, Section 179 tax breaks apply to new, used and leased […]
December 19, 2017
Dealers
Business Roundup: News on Komatsu, ARA Foundation, Section 179, Equipment World Spec Guide, Hyundai CE
Komatsu takes over New Jersey sales territory with Komatsu Northeast Komatsu America has formed Komatsu Northeast, a new business unit that will take over the New Jersey territory for all of the company’s equipment sales and rental for construction, mining and utility, as well as parts, service and customer support. Binder Machinery Company previously served […]
December 19, 2016
Dealers
Recession weary heavy equipment buyers flock to rental, RPOs to lower risk
“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]
July 26, 2016
Business
Bonus depreciation, Section 179 tax breaks extended, sent to President Obama for signature
Not only did the bonus depreciation and Section 179 tax breaks come through as expected, current legislation Congress just sent to President Obama extended both measures. Here’s a recap: Under current legislation, the bonus depreciation is extended through 2019. This allows contractors to apply a 50 percent bonus depreciation to any equipment bought during a […]
December 18, 2015
Business
2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st
Just in the nick of time, contractors may once again this year be able to take advantage of a 50 percent bonus depreciation in new equipment purchases, a tax code provision that had expired last year. Earlier this month, the U.S. House of Representatives passed H.R. 5771, which would reinstate both the bonus depreciation and […]
December 12, 2014
Roadbuilding
Financial District
The outlook for the construction industry in this New Year and the word “uncertainty” are synonymous.
January 1, 2011
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